“That loss was to breed an independence, a toughness of spirit, and an awareness of adversity and discipline that have never left me,.” SpiritLeftLossAwarenessDisciplineAdversityIndependenceToughness Author:Gary Player
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.” PeopleIfsKnowsImportantReasonWould BeSoundLosesLossCuttingEmotionalKeysDisciplineFinancialMaking MoneyTradingFinancial Markets Author:Victor Sperandeo
“Who has courage to say no again and again to desires, to despise the objects of ambition, who is a whole in himself, smoothed and rounded.” WholeDesireLossCourageObjectsDisciplineAmbitionDespiseAgain And AgainWeight LossHave Courage Book:Horace for English Readers: Being a Translation of the Poems of Quintus Horatius Flaccus Into English Prose Source: Horace for English Readers: Being a Translation of the Poems of Quintus Horatius Flaccus Into English Prose
“A lot of people with high IQs are terrible investors because they've got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success” PeopleNeedsKindImportantCertainLossAbilityEmotionBrainCrazyDisciplineTerribleAdversityExtremesDrivenInvestorsIrrationalTemperamentGoing Crazy Author:Charlie Munger